Sukumar Nandi is Professor of Economics, Indian Institute of Management, Lucknow.

‘A very useful treatise. Up-to-date and comprehensive in coverage, this will be indispensable to students and policymakers as also those interested in the management of a modern economy with cross-country spillovers.’ — Kajal Lahiri, Distinguished Professor of Economics, State University of New York

• List of Tables. List of Figures and Exhibits. List of Abbreviations. Preface. Acknowledgements. 1. Introduction: The International Monetary System 2. Money in Economics of the Open Economy 3. Money Growth, Inflation and Seigniorage 4. Multinational Corporations and Emerging Economies 5. International Financial System: A Historical Evolution 6. Recent Changes in the International Financial Structure 7. National Government and Sovereign Currency 8. International Banking System and Global Money Flows 9. Exchange Rate and Foreign Exchange Market 10. Modern Theory of Exchange Rate Determination and International Parity Relationship 11. International Transmission of Interest Rates and Monetary Independence 12. Capital Mobility, Currency Crisis and Problems of Contagion 13. Foreign Direct Investment in India and Emerging Economies 14. International Reserve and Liquidity 15. Optimum Currency Area, European Union and the Euro. Select Bibliography. About the Author. Index

Sukumar Nandi is Professor of Economics, Indian Institute of Management, Lucknow.

‘A very useful treatise. Up-to-date and comprehensive in coverage, this will be indispensable to students and policymakers as also those interested in the management of a modern economy with cross-country spillovers.’ — Kajal Lahiri, Distinguished Professor of Economics, State University of New York

• List of Tables. List of Figures and Exhibits. List of Abbreviations. Preface. Acknowledgements. 1. Introduction: The International Monetary System 2. Money in Economics of the Open Economy 3. Money Growth, Inflation and Seigniorage 4. Multinational Corporations and Emerging Economies 5. International Financial System: A Historical Evolution 6. Recent Changes in the International Financial Structure 7. National Government and Sovereign Currency 8. International Banking System and Global Money Flows 9. Exchange Rate and Foreign Exchange Market 10. Modern Theory of Exchange Rate Determination and International Parity Relationship 11. International Transmission of Interest Rates and Monetary Independence 12. Capital Mobility, Currency Crisis and Problems of Contagion 13. Foreign Direct Investment in India and Emerging Economies 14. International Reserve and Liquidity 15. Optimum Currency Area, European Union and the Euro. Select Bibliography. About the Author. Index

Sukumar Nandi is Professor of Economics, Indian Institute of Management, Lucknow.

‘A very useful treatise. Up-to-date and comprehensive in coverage, this will be indispensable to students and policymakers as also those interested in the management of a modern economy with cross-country spillovers.’ — Kajal Lahiri, Distinguished Professor of Economics, State University of New York

• List of Tables. List of Figures and Exhibits. List of Abbreviations. Preface. Acknowledgements. 1. Introduction: The International Monetary System 2. Money in Economics of the Open Economy 3. Money Growth, Inflation and Seigniorage 4. Multinational Corporations and Emerging Economies 5. International Financial System: A Historical Evolution 6. Recent Changes in the International Financial Structure 7. National Government and Sovereign Currency 8. International Banking System and Global Money Flows 9. Exchange Rate and Foreign Exchange Market 10. Modern Theory of Exchange Rate Determination and International Parity Relationship 11. International Transmission of Interest Rates and Monetary Independence 12. Capital Mobility, Currency Crisis and Problems of Contagion 13. Foreign Direct Investment in India and Emerging Economies 14. International Reserve and Liquidity 15. Optimum Currency Area, European Union and the Euro. Select Bibliography. About the Author. Index